Does API 5L X52 PSL1 steel material price usher in peak season ahead of time

Last week, China's API 5L X52 PSL1 steel material market fluctuated in a narrow range, with limited ups and downs. On the one hand, the off-season effect continues, the demand for API 5L X52 PSL1 steel material continues to be weak, while the output of API 5L X52 PSL1 steel material has little change and is still running at a high level, which leads to the further rise of API 5L X52 PSL1 steel material inventory and inhibits the rise of API 5L X52 PSL1 steel material price. On the other hand, with the sustained improvement of domestic macro-economy and the expectation of warmer demand for API 5L X52 PSL1 steel material in September, the market mentality of API 5L X52 PSL1 steel material is not pessimistic and generally holds a wait-and-see situation.

At the end of the month, the price of API 5L X52 PSL1 steel material was mainly adjusted, and the high temperature and rainfall still had an impact on the release of downstream steel demand. Last week, the inventory of API 5L X52 PSL1 steel material continued to accumulate, and the apparent demand fell. However, the trend of raw materials was relatively strong. The billet rose by 5.84 usd/ton today, and the merchants have strong willingness to support the price. It is expected that the price of API 5L X52 PSL1 steel material will rise slightly this week.